Ohio Public Employees' Retirement System, Columbus, is searching for a hedge fund consultant, said Michael Pramik, spokesman, in an email.
The $99.6 billion retirement system, which includes $85.9 billion in defined benefit fund assets, issued an RFP because the contract of current hedge fund consultant Aksia is expiring in December, Mr. Pramik said. The firm is invited to rebid.
As of March 31, the actual allocation to hedge funds in the defined benefit plan 7.6%.
The RFP is available on OPERS' website. Proposals are due at 1 p.m. EDT on July 1. A timeline for a decision was not provided.